Blackrock 2037 Jensen Alpha

BMN Etf  USD 25.72  0.05  0.19%   
Blackrock 2037 jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Blackrock 2037 Municipal or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
  
Blackrock 2037 Municipal has current Jensen Alpha of 0.0375. Jensen alpha is a measure of the returns that are attributable to the managers' ability to select security and time the market. In other words, it is the returns remaining after deducting what would have been attributable to beta returns (which do not require skill) and the risk-freerate.

Jensen Alpha

 = 

ER[a] - RFR * (1-BETA)

-

BETA * ER[b])

 = 
0.0375
ER[a] = Expected return on investing in Blackrock 2037
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Blackrock 2037 and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Blackrock 2037 Jensen Alpha Peers Comparison

Blackrock Jensen Alpha Relative To Other Indicators

Blackrock 2037 Municipal is the top ETF in jensen alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  72.37  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Blackrock 2037 Municipal is roughly  72.37 
Jensen alpha is the difference between the return of the portfolio, and what the portfolio should theoretically have earned. Any portfolio can be expected to earn the risk-free rate (RF), plus the market risk premium (which is given by [Beta x (Market Portfolio Return - Risk-Free Rate)]. Anything remaining over and above is alpha.
Compare Blackrock 2037 to Peers

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